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Tax4india ›› Indian Law ›› Corporate Law ›› Society Act
Society Act
The device of "society" was evolved to fulfill the need of an institution of non-commercial nature for promotion of numerous charitable activities like education, art, religion, culture, music and sport etc.
Associations, clubs or societies are formed to help further these causes because they work on non-profit basis.
The need for a legal entity, which could own, possess and manage the funds and assets for achievement of charitable or promotional objects, as laid down by donors, is the result of these endeavours. A society can be formed to achieve this end.
A society has been variously defined. It has been described as a company or association of persons (generally unincorporated) united together by mutual consent to deliberate, determine and act jointly for common purpose.
Comparison Between Society And Company.
Formation / Registration Of A Society.
Purposes For Which A society Can Be Formed.
Memorandum Of Association.
Effect Of Registration / Non-Registration Of A Society.
Accounts And Audits.
Litigation.
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